Temasek and BlackRock launch US$600m partnership to end global warming

The two funding giants hope to advance global efforts to achieve a zero net carbon economy by 2050.

Temasek has launched a partnership with American investment management firm BlackRock to help advance global efforts to decarbonise the world by 2050.

The partnership, called Decarbonization Partners, will launch a series of late stage venture capital and early growth private equity investment funds that will focus on advancing decarbonization solutions to accelerate global efforts to achieve a "net zero" economy by 2050.

BlackRock and Temasek intend to commit a combined $804.6m (US$600m) in initial capital to invest in multiple funds launched by the partnership. The funds will also raise third-party capital from investors who are committed to achieving a net zero world while also seeking to obtain long-term sustainable financial returns. Decarbonization Partners has a fundraising target of US$1 billion for its first fund, including capital from Temasek and BlackRock.

The partnership combines both firms’ expertise in private markets to invest in companies and proven technologies that will reduce and potentially eliminate carbon emissions.

The partnership will leverage both firms’ expertise in sourcing and underwriting private investments, portfolio and risk management, and sustainable technology and analytics. The funds will be staffed by employees from both firms, as well as a professional and dedicated team recruited to source and undertake investments and manage its portfolio.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia